In July, vehicle registrations in Italy fell by 8.33% with respect to July of 1998. In total, 251,333 cars were registered and 2,557,273 new cars were sold in the last twelve months, 4.65% less than the year before.
The breakdown of car sales figures for the month of July is:
- Commercial vehicles sold: 19,690, 11.83% more than in July of 1998.
- Passenger cars regitrations: 231,643, which represents a figure of 9.72% less than in July of 1998.
Italy is among the ten countries where the greatest number of cars have been registered in the last year, in ranking of 22 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Italians residents, when compared to the other countries in the ranking, is the number of vehicles sold or registered per thousand residents in the last year. With annual sales of 44.94 cars per 1,000 residents, 4.42 of them in the last month, Italy, occupies 11th place in the ranking.
As can be seen, the number of registrations per thousand residents has fallen in the last year. A drop in registrations generally indicates a fall in consumer confidence and, when it is sustained, a recession in the real economy.
Here we show you the progression of vehicle registrations in Italy. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Italy in en Italian economy.